501 50 Water ST S
Thunder Bay, Ontario
- 2 bed
- 2 bath
- Single Family
NEW LISTING! Once in a Lifetime / Once in a Generation Opportunity to Purchase this Original Owner Custom Built Legacy Condo. The Largest Known Condo in Thunder Bay at 3,028 Square Feet Spans the Entire Front Width of the 5th Floor of 50 Water Street South Giving You a True 180 Degree View of the Harbour/Waterfront with Floor to Ceiling Windows. Did We Mention that it has 16 Foot Vaulted Ceiling Over the Living Room & Kitchen Bar Area? A Truly Spectacular Condo to View for the First Time. There is Room for Everything. Literally. Even Your Garage Stuff. Did We also Mention it has 2 Indoor Parking Spots? That's Right - 2! Now Let's Get to the Condo! A Formal Foyer Greets You at the Double Door Entrance. Open Concept Kitchen, Living Room, Formal Dining Room, with a 4 Side Granite Fireplace. A True Master/Primary Bedroom with 355 Square Feet (22'1" x 16'10") of Area, a 77 Square Foot Walk-In Closet, and a 5 Piece Ensuite Featuring Double Sinks, a Corner Shower, and a Corner Jacuzzi Soaker Tub for Two. Garden Doors to the 150 Square Foot East, West, South Facing Balcony with a Built-In Speaker System. Another Set of Garden Doors to the Balcony from the Bar Area. Bedroom Two Currently Being Used as an Office Has an Extra Large Closet for Lots of Storage. The Den Which Looks Like a Martini Room with the Custom Wood Work Around the Fireplace & TV Could Stay as a Den or an Office or Become a Third Bedroom if Needed. The Main Bathroom with Stand Up Shower also Doubles with the Hidden Laundry Area with Sink & Stackables. Functional but also out of the way. Last but not Least - The Garage Looking Storage Room that Spans 225 Square Feet (24'3" x 9'3") with Custom Metal Shelving Storage. The Only One of its Kind in Thunder Bay. The Opportunity to Buy this Condo may not come up again for Another 25 Years. Come and Take a Look Today & View the Condo that Everyone Talks about after they have seen it. Call for your own Personal Viewing today with Your Realtor of Choice. THIS IS IT!
Price History
Schools
Elementary
- École catholique Franco-Supérieur1 km
French Catholic · CSDC des Aurores boréales · 310 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 81% met the provincial standard
- St James Public School1.1 km
Public · Lakehead DSB · 205 students
Grade 6 math: 40% met the provincial standard
- École catholique de La Vérendrye1.4 km
French Catholic · CSDC des Aurores boréales · 90 students
Secondary
- École secondaire catholique de La Vérendrye1.5 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Superior Collegiate and Vocational Institute1.9 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% met the provincial standard
- Hammarskjold High School2.5 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P7B
- Population
- 22,675
- Private dwellings
- 11,110
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $70,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Thunder Bay · last 12 months
- Median sold price
- $415,000
- Homes sold
- 281
- Median days on market
- 14
- Sale-to-list price
- 107.2%
Based on 281 recorded sales of single family properties in Thunder Bay over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$260,000
Estimated Monthly Payment
$6,387
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $6,387/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $325/mo
Estimates only. Consult a financial advisor.
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